The fake left Guardian inadvertently reveals its hand today. The contingent of neo-Nazis arrived at Flinders Street station about an hour before Sunday’s anti-immigration rally was due to start. A hundred or so men, dressed in black, strode across Princes Bridge in a bloc, weaving through the large crowd that had already gathered under a sea of
The Australian Bureau of Statistics (ABS) released dwelling approvals data for July on Monday, reporting 16,153 trend approvals for the month, the highest volume since August 2022. Despite the rebound, approvals tracked 3,847 (19%) approvals behind the National Housing Accord’s five-year target, which requires 20,000 homes to be built every month. In the year to
With the release of Canada’s second quarter GDP figures, it was revealed that the economy had fallen back into contraction in headline terms for the first time since the third quarter of 2023, with quarterly GDP falling by 0.5%. In the words of Pedro Antunes, Conference Board of Canada’s Chief Economist: Canada is in “recession
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The Shanghai Cooperation Organization summit in China has already emerged as one of the defining political events of 2025. It underscored the SCO’s growing role as a cornerstone of a multipolar world and highlighted the Global South’s consolidation around the principles of sovereign development, non-interference, and rejection of the Western model of globalization.
Yesterday’s business indicators for tomorrow’s GDP were pretty awful. Key data items – Seasonally adjusted Mar 25 to Jun 25 (%) Jun 24 to Jun 25 (%) Sales of goods and services (chain volume measures) Manufacturing 0.2 -1.5 Wholesale trade 1.7 4.0 Inventories (chain volume measures) 0.1 0.8 Company gross operating profits -2.4 -3.3 Wages and
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Yesterday, I reported on an outlandish plan reported in the Economic Times of India, the Hindustan Times, the Business Standard, and other Indian media outlets to have Indian workers/migrants build Australian homes. “Union Minister Piyush Goyal on Sunday said that India is in “deep negotiations” to create 1 million homes in Australia and has reached
Good on David Pocok for taking it on, but he’s talking nonsense. Independent ACT senator David Pocock said on Monday the pressure on the environment and infrastructure motivated many marchers on the weekend, who felt there was “no plan” underpinning the migrant intake. Albo has a very clear plan. It’s just that it sucks for
Overnight saw some calm return to risk markets as the new trading week got underway without US involvement as they had a long weekend, although we still got more bullying of the Federal Reserve by the Trump regime. The perceived loss of independence and the blowout in US fiscal budget continues to put pressure on
The post Macro Morning appeared first on MacroBusiness.
There are two primary reasons why the federal government loves ‘Big Australia’ immigration. First, immigration boosts the overall economy, as measured by headline GDP. Running a high immigration strategy enables the government to claim that it is an effective economic manager, even when per capita GDP growth is negative (as it currently is) and individual
Cashiered former general Prabowo Subianto was elected president of Indonesia last year on a contradictory campaign image.
One side showed a soft, caring grandpa, friend of the wong kecil (wee folk). The flip side promoted an urbane statesman who’d lift his country’s international status as the world’s third-largest democracy.
ASIO deserves a good deal of credit for the cool and professional way in which it gathered and collected information to demonstrate to ministers its belief that members of Iran’s Revolutionary Guard had been behind at least two terrorist incidents in Melbourne and Sydney this year. Diplomats not alleged to have known of this have been tossed out as a result.